Triplex With Two-Bedroom Main
For Sale
$295,000
415 S OCHOA, El Paso, TX 79901
Residential, El Paso, TX
Property Size1,140 SF
Lot Size0.08 Acres
Price / SF$258.77
Days on Market105
Property Features for 415 S OCHOA
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Zoning
R5
Bedrooms
2
Bathrooms
2
Full bathrooms
1
Half bathrooms
1
Rooms
Bathroom 2, Bathroom 1, Bedroom 2, Bedroom 1
Subdivision
Campbell
Elementary school
Aoy
Middle school
Wiggs
High school
Belair
Elementary school district
El Paso
Middle school district
El Paso
High school district
El Paso
Standard status
Active
APN
C05099914000900
Size
1,140 SF
Lot size
0.08 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
140 CAMPBELL 3 & S 11.5 FT OF 4 (HOMESTIE) (3500.00 SQ FT)
Tax Annual Amount
6258
Legal Description
140 CAMPBELL 3 & S 11.5 FT OF 4 (HOMESTIE) (3500.00 SQ FT)
Utilities
Cooling system
Evaporative Cooling
Building Details
Year built
1936
Listing Agency:
Cardon Real Estate
(915) 593-8484
Listed By:
Fernie Jaquez
(915) 740-8847
Added: May 14
Changed: Aug 26
Last Checked: Aug 26 at 6:06PM
MLS# 943995
Copyright © 2026 Greater El Paso Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Located at 415 S Ochoa in downtown El Paso, this triplex includes a two-bedroom main house, an efficiency room in back, and two apartments at the rear. The property contains 1,140 square feet on a 0.08-acre lot and has evaporative cooling.
Built in 1936, the property is zoned R5 and all units are rented. Its downtown El Paso setting places it close to shopping and the Juarez, Mexico border area.
Built in 1936, the property is zoned R5 and all units are rented. Its downtown El Paso setting places it close to shopping and the Juarez, Mexico border area.
Key Highlights
- Triplex with a two‑bedroom main house, an efficiency room, and two rear apartments
- 1,140 square feet of property size on a 0.08‑acre lot
- R5 zoning
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$10,307
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.49%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$206,140
$206.1K
Cap Rate 7%
$147,243
$147.2K
Cap Rate 9%
$114,522
$114.5K
Market Conditions
NOI Build-Up for 1,140 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$15.5K $13.56/SF
− Vacancy
−$734 −$0.64/SF
EGI
$14.7K $12.92/SF
− OpEx
−$4.4K −$3.87/SF
NOI
$10.3K $9.04/SF
Area
El Paso, TX
Vacancy
4.75%
Lease Rate
$13.56 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$206,140
Cap Rate 7%
$147,243
Cap Rate 9%
$114,522
Alternative Uses
Best Use
Multifamily LT 5
$147.2K
$128.8K – $171.8K
NOI $10,307 @ 7.0% cap · market cap 3.49%
Second Best
Apartment 5plus
$135.8K
$118.8K – $158.5K
NOI $9,507 @ 7.0% cap · market cap 3.22%
Theoretical Best
Office A
$286.0K
$250.3K – $333.7K
NOI $20,020 @ 7.0% cap · market cap 6.79%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
3,305
Businesses Nearby
Explore this area
Business Placement
Demographics for 79901, TX
10,027
Population
4,571
Households
2.2
Avg Household Size
40
Median Age
7%
College-Educated
46%
High-School Grad
2.2 sq mi
ZIP Area
4,558
Density / Sq Mi
$13,984
Median Household Income
$19,026
Median Earnings
$517
Median Rent
$93,100
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Triplex - R5-zoned triplex with a two-bedroom primary residence, rear living spaces, and current occupancy across the property.
Where is this triplex located?
The property is located at 415 S OCHOA El Paso, TX.
What is the asking price?
The asking price for this property is $295,000.
What are key features of this property?
This property features: Triplex with a two‑bedroom main house, an efficiency room, and two rear apartments; 1,140 square feet of property size on a 0.08‑acre lot; R5 zoning
